Form 8.5 (EPT/NON-RI) - GLENCORE INTL PLC

Form 8.5 (EPT/NON-RI) - GLENCORE INTL PLC

BARCLAYS PLC

FORM 8.5 (EPT/NON-RI)

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN

EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY (“RI”) STATUS (OR WHERE RI STATUS IS NOT APPLICABLE)

Rule 8.5 of the Takeover Code (the “Code”)

1. KEY INFORMATION

(a) Name of exempt principal trader:	Â	BARCLAYS CAPITAL SECURITIES LTD
(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree	Â	GLENCORE INTL PLC
(c) Name of the party to the offer with which exempt principal trader is connected:	Â	Advisor to Offeree
(d) Date position held/dealing undertaken:	Â	28 June 2012
(e) Has the EPT previously disclosed, or is it today disclosing, under the Code in respect of any other party to this offer?	Â	YES:   XSTRATA PLC Â

2. POSITIONS OF THE EXEMPT PRINCIPAL TRADER

(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

Class of relevant security:	Â	Â	Â	ORD	Â	Â	Â	Â	Â	Â
				Interests				Short Positions
Â		Â		Number		(%)		Number		(%)
(1)		Relevant securities owned
		and/or controlled:		6,435,911		0.09%		18,480,999		0.27%
Â		Â		Â		Â		Â		Â
(2)		Derivatives (other than
		options):		15,273,228		0.22%		4,107,874		0.06%
Â		Â		Â		Â		Â		Â
(3)		Options and agreements to
		purchase/sell:		1,970,000		0.03%		2,075,900		0.03%
Â		Â		Â		Â		Â		Â
(4)		TOTAL:
				23,679,139		0.34%		24,664,773		0.36%

	Â		Â		Â		Â		Â
Class of relevant security:		Â		Convertible Bond		Â		Â		Â
				Interests				Short Positions
Â		Â		Number		(%)		Number		(%)
(1)		Relevant securities owned
		and/or controlled:		3,900,000		0.17%		0		0.00%
Â		Â		Â		Â		Â		Â
(2)		Derivatives (other than
		options):		0		0.00%		0		0.00%
Â		Â		Â		Â		Â		Â
(3)		Options and agreements to
		purchase/sell:		0		0.00%		0		0.00%
Â		Â		Â		Â		Â		Â
(4)		TOTAL:
				3,900,000		0.17%		0		0.00%

All interests and all short positions should be disclosed.

Details of any open derivative or option positions, or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b) Rights to subscribe for new securities (including directors’ and other executive options)

Class of relevant security in relation to which subscription right exists:	Â
Details, including nature of the rights concerned and relevant percentages:	Â

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

3. DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER

(a) Purchases and sales

Class of relevant	Â	Purchase/sale	Â	Number of	Â	Price per unit
security		Â		securities		Â
ORD		Purchase		143		2.9953 GBP
ORD		Purchase		400		2.9225 GBP
ORD		Purchase		1,513		2.9332 GBP
ORD		Purchase		2,600		36.0945 HKD
ORD		Purchase		4,491		2.9327 GBP
ORD		Purchase		5,183		2.9355 GBP
ORD		Purchase		8,375		2.9202 GBP
ORD		Purchase		10,973		2.9321 GBP
ORD		Purchase		12,041		2.9293 GBP
ORD		Purchase		14,566		2.9372 GBP
ORD		Purchase		25,300		35.9456 HKD
ORD		Purchase		26,816		2.9543 GBP
ORD		Purchase		74,497		2.9474 GBP
ORD		Purchase		100,000		2.9238 GBP
ORD		Purchase		207,035		2.9292 GBP
ORD		Purchase		336,409		2.9304 GBP
ORD		Purchase		338,636		2.9365 GBP
ORD		Purchase		413,055		2.9199 GBP
ORD		Purchase		822,356		2.9481 GBP
ORD		Purchase		100		35.7000 HKD
ORD		Purchase		100		36.7000 HKD
ORD		Purchase		500		35.7500 HKD
ORD		Purchase		1,100		36.2500 HKD
ORD		Purchase		1,200		36.7500 HKD
ORD		Purchase		1,300		35.8500 HKD
ORD		Purchase		2,000		36.4000 HKD
ORD		Purchase		2,900		36.2000 HKD
ORD		Purchase		2,900		36.6000 HKD
ORD		Purchase		4,800		35.8000 HKD
ORD		Purchase		5,300		36.6500 HKD
ORD		Purchase		7,500		36.4500 HKD
ORD		Purchase		9,900		36.5000 HKD
ORD		Purchase		10,200		36.5500 HKD
ORD		Purchase		12,500		36.3500 HKD
ORD		Purchase		15,000		36.1500 HKD
ORD		Purchase		20,000		36.0500 HKD
ORD		Purchase		20,000		36.1000 HKD
ORD		Purchase		20,400		36.3000 HKD
ORD		Sale		100		36.1500 HKD
ORD		Sale		400		36.3500 HKD
ORD		Sale		600		35.9500 HKD
ORD		Sale		1,900		36.3000 HKD
ORD		Sale		2,500		35.9000 HKD
ORD		Sale		4,600		35.8500 HKD
ORD		Sale		5,100		36.0000 HKD
ORD		Sale		6,100		35.8000 HKD
ORD		Sale		6,200		36.2500 HKD
ORD		Sale		8,600		36.1000 HKD
ORD		Sale		24,900		36.0500 HKD
ORD		Sale		143		2.9954 GBP
ORD		Sale		1,120		2.9260 GBP
ORD		Sale		4,140		2.9677 GBP
ORD		Sale		5,146		2.9302 GBP
ORD		Sale		17,458		2.9371 GBP
ORD		Sale		22,019		2.9388 GBP
ORD		Sale		25,967		2.9355 GBP
ORD		Sale		42,400		36.3436 HKD
ORD		Sale		52,759		2.9308 GBP
ORD		Sale		55,000		36.0954 HKD
ORD		Sale		65,807		2.9284 GBP
ORD		Sale		154,058		2.9567 GBP
ORD		Sale		257,729		2.9695 GBP
ORD		Sale		362,411		2.9318 GBP

(b) Derivatives transactions (other than options)

Class of	Â	Product	Â	Nature of dealing	Â	Number of	Â	Price per
relevant		description				reference		unit
security		Â		Â		securities		Â
ORD		CFD		Long		200		36.3040 HKD
ORD		CFD		Long		1,900		36.2540 HKD
ORD		CFD		Long		33,600		3.0366 GBP
ORD		CFD		Long		33,600		36.0437 HKD
ORD		CFD		Long		34,272		2.9341 GBP
ORD		CFD		Long		52,759		2.9308 GBP
ORD		CFD		Long		81,880		2.9373 GBP
ORD		CFD		Long		257,729		2.9695 GBP
ORD		CFD		Short		1,513		2.9332 GBP
ORD		SWAP		Short		2,100		2.9339 GBP
ORD		CFD		Short		2,600		36.0945 HKD
ORD		CFD		Short		3,989		2.9139 GBP
ORD		CFD		Short		4,491		2.9327 GBP
ORD		CFD		Short		6,057		2.9699 GBP
ORD		CFD		Short		6,700		35.8497 HKD
ORD		CFD		Short		23,684		2.9478 GBP
ORD		CFD		Short		33,559		2.9787 GBP
ORD		CFD		Short		33,600		36.5697 HKD
ORD		SWAP		Short		49,473		2.9196 GBP
ORD		CFD		Short		100,000		2.9238 GBP
ORD		CFD		Short		299,779		2.9275 GBP
ORD		CFD		Short		413,055		2.9199 GBP

(c) Options transactions in respect of existing securities

(i) Writing, selling, purchasing or varying

Class of relevant security

Â

Product description e.g. call option

Â

Writing, purchasing, selling, varying etc.

Â

Number of securities to which option relates

Â

Exercise price per unit

Â

Type e.g. American, European etc.

Â

Expiry date

Â

Option money paid/ received per unit

(ii) Exercising

Class of relevant security

Â

Product description e.g. call option

Â

Number of securities

Â

Exercise price per unit

(d) Other dealings (including subscribing for new securities)

Class of relevant security

Â

Nature of dealing e.g. subscription, conversion

Â

Details

Â

Price per unit (if applicable)

The currency of all prices and other monetary amounts should be stated.

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

4. OTHER INFORMATION

(a) Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer: If there are no such agreements, arrangements or understandings, state “none”

NONE

(b) Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader making the disclosure and any other person relating to: (i) the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state “none”

NONE

(c) Attachments

Is a Supplemental Form 8 (Open Positions) attached?	Â	YES
Date of disclosure:		29 Jun 2012
Contact name:		Geoff Smith
Telephone number:		020 7116 2913

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at [e-mail]. The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s dealing disclosure requirements on [phone].

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

SUPPLEMENTAL FORM 8 (OPEN POSITIONS)

DETAILS OF OPEN OPTION AND DERIVATIVE POSITIONS, AGREEMENTS TO PURCHASE OR SELL ETC.

Note 5(i) on Rule 8 of the Takeover Code (the “Code”)

1. KEY INFORMATION

Identity of person whose open positions are being disclosed:	Â	BARCLAYS CAPITAL SECURITIES LTD
Name of offeror/offeree in relation to whose relevant securities the disclosure relates:		GLENCORE INTL PLC

2. OPTIONS AND DERIVATIVES

Class

Â

Product

Â

Writing,

Â

Number

Â

Exercise

Â

Type

Â

Expiry

of

description

purchasing,

of

price

date

relevant

selling,

securities

per unit

security

varying etc

to which

option

Â

Â

Â

relates

Â

Â

Â

ORD

Call Options

Purchased

760,000

4.0000

European

25 Jul 2012

ORD

Put Options

Purchased

1,000,000

3.2000

American

30 Jun 2012

ORD

Put Options

Written

-1,000,000

4.8000

American

30 Jun 2012

ORD

Call Options

Purchased

210,000

3.1000

American

30 Jun 2012

ORD

Call Options

Written

-75,900

4.3890

European

6 Jul 2012

ORD

Call Options

Written

-1,000,000

4.8000

American

30 Jun 2012

3. AGREEMENTS TO PURCHASE OR SELL ETC.

Full details should be given so that the nature of the interest or position can be fully understood:

It is not necessary to provide details on a Supplemental Form (Open Positions) with regard to contracts for differences (“CFDs”) or spread bets.

The currency of all prices and other monetary amounts should be stated.

The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s dealing disclosure requirements on [phone].

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.